New York · $30,000 – $40,000 · very high cost city

Savings rate in New York on $30,000 – $40,000 — are you on track?

Earning $30,000 – $40,000 in New York? Based on BLS Consumer Expenditure Survey 2023, people at this income level in United States typically save around 3% of gross income. Enter your actual costs below to see how you compare.

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Pre-set for New York · $30,000 – $40,000 — adjust to your situation

Country

Annual income (gross)$35,000

$20,000$235,000$450,000+

Monthly rent or mortgage$3,500/mo

$0$4,000$8,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

$1,750/mo

$0$3,750$7,500+

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What 3% savings means in New York

Using BLS Consumer Expenditure Survey 2023, people earning $30,000 – $40,000 in United States save around 3% of gross income on average. In New York — a very high cost city — housing costs typically run 7–20% of income, which can significantly compress savings even at this income level.

Minimum

floor — not building

Expected

12%

mid-income benchmark

Strong

26%

top tier

Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.

$40,000 – $55,000 →

See full cost breakdown for New York →

Compare nearby cities

Boston Chicago San Francisco

Also in the Verdict suite

SalaryVerdict — Is your New York salary competitive?SpendVerdict — Is your New York rent too high?